Irondequoit NY Real Estate Market Report May 2014

Want to see what has gone on in the Irondequoit real estate market during the month of May along with year over year comparisons? Here is our report of the Irondequoit NY real estate market.

Irondequoit NY Real Estate Market Report

Irondequoit NY Real Estate Activity For May 2014 vs. May 2013

In May 2014 there were 54 homes that closed during the month for Irondequoit NY real estate. This is 39 less than the 93 homes that closed in May 2013.

The average sale price for the homes that closed in May 2013 was $108,565.

The average sale price for the homes that closed in May 2014 was $115,331.

The average market time (aka Days on Market) for the homes that closed in May 2013 was 60 days.

The average market time (aka Days on Market) for the homes that closed in May 2014 was 30 days.

The total amount of volume for the homes that closed in May 2013 was $10,096,567.

The total amount of volume for the homes that closed in May 2014 was $6,227,900.

Homes Under Contract For May 2014

There were a total of 153 homes in Irondequoit NY that were under contract or sale pending through May 31st, 2014 (of the 153 total homes, 58 homes went under contract during May 2014). The average market time for these 153 homes was 40 days. The average list price for these homes under contract was $119,117.

Current May Homes For Sale Inventory Levels

There are currently 283 homes on the market in Irondequoit NY. The average list price is $131,095. The average market time for these homes is 60 days. Homes in Irondequoit NY are selling in about 30 days if priced properly. The market absorption rate, as of June 1st, was 4.70 in Irondequoit. This means that if no other homes in Irondequoit were put on the market, it would take 4.70 months to deplete the remaining homes on the market.

How can both buyers and sellers have an advantage in the Irondequoit NY real estate market? Employ the services of a local Irondequoit real estate agent who has vast knowledge and experience of the market.

The above statistics are ONLY single family homes and do not include condominiums or multi-family homes.

Find Irondequoit NY Homes for Sale

For a complete list of available real estate in Irondequoit NY, visit Irondequoit NY Homes for Sale. Make sure to subscribe to our blog so you don’t miss out on any Irondequoit homes. Contact us to find out what your Irondequoit NY home is worth and to discuss your housing needs.

About the authors: The above information regarding the “Irondequoit NY Real Estate Market Report”was provided by the Keith Hiscock Sold Team. Keith Hiscock & Kyle Hiscock have over 30 years combined experience. If you’re thinking of selling or buying, we’d love to share our knowledge and expertise.